Average Home Sale Prices in Algiers | New Orleans, LA
Algiers saw a pretty significant increase in average sales prices in 2014, rising by almost 15% from 2013. This is good news for home sellers who bought post-Katrina and have been upside down on their mortgages.
English Turn and Lower Coast Home Sale Prices
The news is not as good for English Turn and the Lower Coast of Algiers. Average sale prices dropped by almost 7% from 2013 to 2014.
Projections for 2015
Given the rise in average prices on the East Bank, I expect that demand will grow for the more affordable real estate on the West Bank, including Algiers. While my crystal ball is broken, I project that we will see another 10% or so in increased average prices for homes in excellent condition.